Light-Sport Aircraft Market Outlook, Industry Overview, Growth and Forecast during 2022-2027
The latest research study “Light-Sport Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global light-sport aircraft industry size reached US$ 1.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1.39 Billion by 2027, exhibiting a growth rate (CAGR) of 5.30% during 2022-2027.
A light-sport aircraft (LSA) refers to a small aircraft with two seats and a maximum take-off weight of 600 kg. It comprises of an engine, fixed-pitch or ground adjustable propeller, unpressurized cabin, fixed landing gear, gyroplanes, gliders, powered parachutes, airships, air balloons, etc. As light-sport aircraft are lightweight, non-complex, easy to fly, and less expensive compared to other aircraft, they find extensive applications in sports, recreational activities, flying training, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Light-Sport Aircraft Market Trends and Drivers:
The escalating utilization of LSA in recreational activities, on account of the expanding travel and tourism sectors across the globe, is among the key factors augmenting the light-sport aircraft market. Furthermore, the increasing number of pilot training institutions across numerous countries is also bolstering the global market. Moreover, the introduction of new requirements in LSA procurements by aviation regulatory bodies across countries is further catalyzing the market growth. Additionally, the elevating product demand for enhanced acceleration, higher structural strength and stiffness, and improved safety performance is also driving the global market. Besides this, the growing demand for building aircraft with readily available kits and information is acting as another significant growth-inducing factor. Furthermore, the introduction of new generation LSA variants to meet the demand for small airplanes across several countries by the key market players is fueling the market growth. Moreover, the rising product usage in agriculture for dusting or spraying large acreages with pesticides is also propelling the global market. Additionally, the inflating demand for certification courses in hobby flying activities among individuals is expected to positively influence the light-sport aircraft market in the coming years.
Light-Sport Aircraft Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
American Legend Aircraft Co., Costruzioni Aeronautiche TECNAM S.p.A., Cub Crafters Inc., Czech Aircraft Group s.r.o., Flight Design general aviation GmbH (LIFT Air GmbH), ICON Aircraft Inc., Jabiru Aircraft Pty Ltd., Pipistrel d.o.o (Textron Inc.), Van’s Aircraft Inc. and Zenith Aircraft Company.
The report has segmented the market on the basis of type and application.
Breakup by Type:
Breakup by Application:
- Sport and Recreation
- Flight Training
- Aircraft Rental
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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